prepare a statement of cash flows for clancys dog biscuit corporation (enter answers in millions of dollars.amounts to be deducted should be indicated with a minus sign)

Use the balance sheet and income statement below 2021 2020 CLANCY'S DOG BISCUIT CORPORATION Balance Sheet as of December 31, 2021 and 2020 (in Millions of dollars) 2021 2020 Liabilities and Equity Current liabilities: 5 76 5 75 Accrued wages and taxes 189 185 Accounts payable 320 295 Notes payable 5585 $ 555 Total Long-tern debt $1,085 $890 Stockholders' equity 154 112 Preferred stock (6 thousand shares) $931 $773 Common stock and paid in surplus (180 thousand shares) 142 142 Retained earnings $1,073 5915 Total $1,658 $1,470 Total liabilities and equity 3 54 154 135 5343 $ 583 Assets Current assets Cash and marketable securities Accounts receivable Inventory Total Fixed assets Gross plant and equipment Less: Accusulated depreciation Net plant and equipment Other long-term assets Total Total assets $ 45 145 15 $325 $ 564 $ 6 120 606 5732 31,658 $ 6 120 455 $ 581 $1,470 256 CLANCY'S DOG BISCUIT CORPORATION Incone Statement for Years Ending December 31, 2021 and 2020 (in millions of dollars) 2021 2020 Net sales 5 000 $ 810 Less: Cost of goods sold 393 Gross profits $507 $.454 Less other operating expenses 51 45 Earnings before Interest, taxes, depreciation, and amortization (EBITDA) $456 $ 409 Less: Accumulated depreciation (2018) 37 35 Earnings before interest and taxes (EBIT) $.419 $ 174 Less Interest 52 Earnings before taxes (ET) 5367 $ 328 Less Taxes 135 115 Het income 522 5.21 Less: Preferred stock dividends $ 5 6 CLANCY'S DOG BISCUIT CORPORATION Income Statement for Years Ending December 31, 2021 and 2020 (in millions of dollars) 2021 2020 Net sales $ 900 $ 810 Less: Cost of goods sold 393 356 Gross profits $ 507 $ 454 Less: Other operating expenses 51 45 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 456 $ 409 Less: Accumulated depreciation (2018) 37 35 Earnings before interest and taxes (EBIT) $ 419 $ 374 Less: Interest 52 46 Earnings before taxes (EBT) $367 $ 328 Less: Taxes 135 115 Net income $ 232 $ 213 Less: Preferred stock dividends $ 6 $ 6 Net income available to common stockholders $ 226 $ 207 Less: Common stock dividends 75 75 Addition to retained earnings $ 151 $ 132 Per (common) share data: Earnings per share (EPS) $2.26 $2.07 Dividends per share (DPS) $0.75 $0.75 Book value per share (BVPS) $7.26 $5.75 Market value (price) per share (MVPS) $8.29 $6.23 Statement of Cash Flows for Year Ending December 31, 2021 (in millions of dollars) Cash flows from operating activities Additions (sources of cash): Subtractions (uses of cash): Net cash flow from operating activities Cash flows from investing activities Subtractions: Net cash flow from investing activities Cash flows from financing activities Additions: Subtractions: Net cash flow from financing activities Net change in cash and marketable securities